Posted: August 1st, 2022

Accounting eqn soln

Given Data 

May 

1 Cash invested in company  $60,000 

1 Cash paid for may rent  $3,200 

3 office equipment purchased on credit  $1,680 

5 Cash paid for May cleaning services $800 

8 Cash collected for services provided  $4,600 

12 provided services on credit  $3,000 

15 Cash paid for assistants salary (1st half of May)  $850 

20 Cash received for servives provided May 12  $3,000 

22 Provided services on credit  $2,800 

25 Cash recevied for services provided May 22  $2,800 

26 Cash Paid for office equipment Purchased May 3  $1,680 

27 Purchased May Advertising payment due June 1  $60 

28 Cash paid for assistant salary (2nd half of May)  $850 

30 Cash paid for May telephone bill  $200 

30 Cash paid for May Utilities  $480 

31 Cash paid for dividends  $1,200 

Check figures 

(2) Ending Balances $61,140 

Cash $6,440 

Expense 

(3) Net income  3960

Total Assets  $62,820 

I need this in a spread sheet form that says 

Asset = Libilities + Equity

The sub heading would be 

Cash, Account Receivable, office equipment, Accounts payable, Common Stock, dividends, Revenue, and Expenses.

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